Omnis Investments

Omnis Appoints PineBridge Investments New Manager For Multi-Manager Fund Range

28/08/2020

PineBridge Investments Logo

Omnis Investments Limited, our specialist asset management company with £7.9bn under management, has appointed PineBridge Investments as manager of its £270m Multi-Manager Fund range. The decision to appoint PineBridge follows a competitive selection process, with the mandate due to begin on 1 October 2020.

The Omnis Multi-Manager Fund range will be managed by Michael Kelly, Global Head of Multi-Asset, and Hani Redha, Portfolio Manager, Global Multi-Asset, with a mandate to maximise value through a demonstrably active investment approach capable of delivering outperformance over the medium to long-term. PineBridge will manage Omnis’ Multi-Manager Fund range encompassing Omnis’ Adventurous, Balanced, Cautious and Distribution Funds.

PineBridge’s Multi-Asset team will aim to achieve the funds’ investment objectives by drawing on the firm’s strength in investing across global markets and asset classes through an integrated investment approach. The team deploys a differentiated investment process to deliver dynamic asset allocation in response to changing risk-return dynamics, across an intermediate-term perspective of nine to 18 months, drawing on the experience and expertise of 200 global investment professionals who are experienced in positioning through ever-changing market conditions.

PineBridge Investments is a private, global asset manager focused on active, high conviction investing. As of 30 June 2020, the firm managed US$104.4 billion across global asset classes for sophisticated investors around the world. PineBridge has extensive expertise in managing Multi-Asset portfolios on behalf of a diversified range of global institutional investors, which comprises US$14.1 billion in multi-asset, including US$5.1 billion in AUM covering Multi-Manager risk-rated Funds (as of 1st August 2020); on behalf of investors including Government pension systems, insurance companies, fund houses, investment consultants and financial advisers.

Wealth & Platform Director Mike Morrow, said: “Our investment philosophy is always to provide high quality investment solutions, which strive to achieve the results that The Openwork Partnership clients expect from their investments over time. We are delighted to announce that PineBridge Investments, which is one of the best investment managers in the industry, will now manage our Multi-Manager Fund range.

“PineBridge was chosen following an exacting selection process and having reviewed several asset managers, with PineBridge’s corporate culture and style complementing Omnis. Each were judged on four core requirements: Suitability, Quality, Ability and Diversification.”

Klaus Schuster, CEO Europe at PineBridge, added: “I am delighted Omnis has selected PineBridge as a long-term strategic partner to manage its Multi-Manager Fund range.  Our team has a great range of expertise and experience managing Multi-Asset Funds for sophisticated clients and through this partnership we are pleased to be able to access a new range of investors.”

Michael Kelly, Global Head of Multi-Asset at PineBridge, commented: “The requirements of Omnis’ Multi-Manager Funds closely match PineBridge’s expertise in developing diversified and dynamic portfolios that are capable of navigating changing market conditions to meet our investors' requirements.”

Omnis Investments Limited is wholly owned by Openwork Holdings Limited. Investment funds are available exclusively through the financial advisers of The Openwork Partnership.

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